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Hero MotoCorp Faces Rs 26.4 Crore Tax Demand

Hero MotoCorp Faces Rs 26.4 Crore Tax Demand

Fri, Jan 03, 2025

Hero MotoCorp has been handed an additional tax demand of Rs 26.4 crore. In this video, we discuss the details of the tax demand and its potential impact on the company's financial situati

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

Tue, Dec 17, 2024

How to save tax: With the right strategy and investment, anyone can save up to Rs 8 lakh in income tax. Here are 10 effective ways that will not only help you keep more of your income but also support your financial planning.

Zomato gets Rs 803.4 crore tax demand from GST authorities

Zomato gets Rs 803.4 crore tax demand from GST authorities

Thu, Dec 12, 2024

Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.

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IMPORTANT! CBDT clarification against Income Tax misinformation - Top things to know

IMPORTANT! CBDT clarification against Income Tax misinformation - Top things to know

Thu, Feb 13, 2020

The Income Tax department through its Twitter handle @IncomeTaxIndia has posted about a clarification issued by CBDT with respect to certain misinformation which is being circulated in social media pertaining to individual tax filers.

ELSS vs PPF vs small savings schemes: Get 50 pct more money from this scheme, save Income Tax too

ELSS vs PPF vs small savings schemes: Get 50 pct more money from this scheme, save Income Tax too

Thu, Feb 13, 2020

ELSS funds give at least 12 per cent returns in the long-term, which is almost 50 per cent higher than any other small savings schemes and you also save tax.

Income Tax Calculator: NPS scheme can help you save income tax up to Rs 2 lakh; here is how

Income Tax Calculator: NPS scheme can help you save income tax up to Rs 2 lakh; here is how

Thu, Feb 13, 2020

Income Tax Calculator: Section 80C allows up to Rs 1.5 lakh income tax exemption in a financial year. If an income tax payer includes Section 80CCD (1B), this annual limit can be raised up to Rs 2 lakh.

New Income Tax Calculator FY 2020-21: Want to save more money? Compare - New Slabs Regime vs Existing Slabs Regime

New Income Tax Calculator FY 2020-21: Want to save more money? Compare - New Slabs Regime vs Existing Slabs Regime

Wed, Feb 12, 2020

STEPS TO CALCULATE INCOME TAX: New Regime vs Existing Regime - Tax Calculator for Resident Individuals FY 2020-21

Income Tax: Here are all deductions you can still claim under new regime

Income Tax: Here are all deductions you can still claim under new regime

Tue, Feb 11, 2020

Income Tax: Finance Minister Nirmala Sitharaman on Saturday (February 1) announced a new tax regime which aims to simplify the tax filing process for the salaried calls.

Income tax dept launches e-calculator to compare due tax

Income tax dept launches e-calculator to compare due tax

Mon, Feb 10, 2020

The Income-Tax Department has launched an e-calculator for individuals to estimate their tax liability if they opt for the new tax slabs, without claiming deductions and exemptions, for ITR filing as announced in the recent Budget

PAN card holders alert! Over 17 cr PAN cards can become inoperative after this date

PAN card holders alert! Over 17 cr PAN cards can become inoperative after this date

Mon, Feb 10, 2020

Over 17 crore PAN cards across the country can become inoperative, if the card holders don't pay attention to an official note.

Income Tax Calculator: Section 80D allows you this much of tax deduction; check experts' opinion

Income Tax Calculator: Section 80D allows you this much of tax deduction; check experts' opinion

Sat, Feb 08, 2020

Section 80D of Income Tax Act allows a taxpayer can claim up to Rs 50,000 tax deduction in a particular financial year.

Mutual Fund investors alert! CBDT circular clarifies how TDS will be applied on dividend after DDT removal

Mutual Fund investors alert! CBDT circular clarifies how TDS will be applied on dividend after DDT removal

Fri, Feb 07, 2020

Mutual Funds: Queries have been received that whether under the proposed section 194K, the Mutual Fund would be required to deduct TDS also on the capital gains.

Income Tax calculator: Confused between new and old tax slabs regime? Use this tool by government

Income Tax calculator: Confused between new and old tax slabs regime? Use this tool by government

Fri, Feb 07, 2020

Income Tax calculator: Ever since Finance Minister Nirmala Sitharaman announced new income tax slabs in Budget 2020 speech, there has been a lot of confusion around it.

Changes in Personal Income tax may not boost consumption: Neelkanth Mishra, Credit Suisse

Changes in Personal Income tax may not boost consumption: Neelkanth Mishra, Credit Suisse

Wed, Feb 05, 2020

Neelkanth Mishra, Co-Head of Equity Strategy, Asia Pacific and Equity Strategist, India, Credit Suisse, talks about the Budget 2020, its impact on domestic and foreign investors.

Soon, you will get PAN card instantly without a long process

Soon, you will get PAN card instantly without a long process

Tue, Feb 04, 2020

The income tax payers might soon get instant PAN cards from the income tax department, allowing them to skip the hassle of filing a detailed form. The proposal was made by finance minister Nirmala Sitharman in her Budget 2020 speech.

Income Tax Calculator 2020: This tool will tell if you should switch to new tax slabs

Income Tax Calculator 2020: This tool will tell if you should switch to new tax slabs

Tue, Feb 04, 2020

Income Tax Calculator 2020: Those in the lower-income group, Rs 8-10 lakh per annum, should asses their fund flow and investment through this calculator.

Budget 2020: Full list of exemptions and deductions you will miss out on under new income tax slabs regime

Budget 2020: Full list of exemptions and deductions you will miss out on under new income tax slabs regime

Tue, Feb 04, 2020

Budget 2020: The new income tax regime proposed by the Finance Minister in her Budget 2020 speech has led to a lot of confusion among taxpayers. The taxpayers need to assess their options carefully to find out which system allows them to save more.

After Budget 2020, here is important Income Tax clarification issued by CBDT - Read Full Text

After Budget 2020, here is important Income Tax clarification issued by CBDT - Read Full Text

Mon, Feb 03, 2020

The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India, has issued an important clarification pertaining to a proposal in the Finance Bill.

Income tax slabs: New tax structure gives option to save tax, says Revenue Secy

Income tax slabs: New tax structure gives option to save tax, says Revenue Secy

Mon, Feb 03, 2020

The new lower income tax rates offered in the Budget 2020-21 will leave more cash in the hands of those who do not wish to make compulsory investments to save tax, said Revenue Secretary Ajay Bhushan Pandey. In an interview with PTI, he said the Budget gives an option to individuals to migrate to

Two tax systems give flexibility, widen people''s choice: Revenue Secretary Ajay Bhushan Pandey

Two tax systems give flexibility, widen people''s choice: Revenue Secretary Ajay Bhushan Pandey

Mon, Feb 03, 2020

"People don`t have to keep a track of how much money they have invested in PF, national saving certificates, medical insurance or some pension scheme. So, none of those things are required to be maintained," the Revenue Secretary said.

Budget 2020: 5 money-related changes that will have an impact on your pocket

Budget 2020: 5 money-related changes that will have an impact on your pocket

Mon, Feb 03, 2020

Budget 2020: Finance Minister Nirmala Sitharaman made several tax-related announcements in Budget speech on Saturday that are likely to have an impact on your money. The finance minister said that the budget had provisions to boost the income and purchasing power of taxpayers.

What's in it for taxpayers and retail investors in Budget 2020

What's in it for taxpayers and retail investors in Budget 2020

Sun, Feb 02, 2020

The new tax regime, though optional, will require taxpayers to forego various tax exemptions available in the old regime. The net benefit, thus, may not be positive for all taxpayers.

New tax slabs proposed in Budget to benefit taxpayers?

New tax slabs proposed in Budget to benefit taxpayers?

Sun, Feb 02, 2020

Talking about the new personal income tax regime and slabs proposed by Finance Minister Nirmala Sitharaman in her budget speech on Saturday, the CBDT chairman said the aim of the government is to "give benefit of lower taxes to both corporates and individuals".

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